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CMS Energy CMS NorthStar Clean Energy — Income from Continuing Ops

Other segment segments

Gas Utility
$220M+3.3%
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$110M-11.3%

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DOVClean Energy & Fueling — Earnings from continuing operations:
$99.04M+15.6%

Other financials

Income statement

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Revenue$2.7B+11.6%
Operating income$490.0M-0.8%
Net income$340.0M+11.8%
EPS (diluted)$1.10+8.9%

Balance sheet

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Cash & equivalents$263.0M-50.0%
Total debt$19.1B+12.7%
Total equity$9.5B+13.6%
Total assets$40.3B+11.0%

Cash flow

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Operating cash flow$705.0M-29.5%
CapEx$1.0B+17.0%
Free cash flow-$334.0M-398%

Valuation

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Market cap$23.63B+16.1%
Enterprise value$42.49B+13.5%
P/E21.4×+1.4×
P/S2.7×+0.1×

Profitability

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Operating margin19.5%-0.6pp
Net margin12.5%-0.6pp
FCF margin12.8%-8.1pp

Returns & leverage

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Return on equity12.4%-0.1pp
Debt / equity0.0×
Current ratio0.8×-0.2×

Where this comes from

Reported directly by CMS Energy in its filing.

Tagged under the XBRL concept us-gaap:IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest.

The official record: CMS Energy’s 10-Q, filed April 28, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is CMS Energy's northstar clean energy — income from continuing ops?
CMS Energy (CMS) reported northstar clean energy — income from continuing ops of -$22M in Q1 2026.
How has CMS Energy's northstar clean energy — income from continuing ops changed year-over-year?
CMS Energy's northstar clean energy — income from continuing ops increased by 18.5% year-over-year, from -$27M to -$22M.
What is the long-term trend for CMS Energy's northstar clean energy — income from continuing ops?
Over 2 years (2022 to 2025), CMS Energy's northstar clean energy — income from continuing ops has grown at a -100.0% compound annual growth rate (CAGR), from $8M to $0.
What does northstar clean energy — income from continuing ops mean?
Represents the net profit generated by the segment from its core, ongoing business activities after all expenses and taxes. It excludes results from discontinued operations, providing a clear picture of the segment's sustainable earnings power.